You are the manager of a monopoly that sells a product to two
groups of consumers in different parts of the country. Analysts at your firm have determined that group 1's elasticity of demand is -5, while group 2's is -3. Your marginal cost of producing the product is $40.
Instructions: Enter your responses rounded to two decimal
places.
a. Determine your optimal markups and prices under third-degree price discrimination.
Markup for group 1:
Price for group 1: $
Markup for group 2:
Price for group 2: $
Answers
Under third-degree price discrimination, the optimal markups and prices are as follows:
Markup for Group 1: -0.20Price for Group 1: $32Markup for Group 2: -0.33Price for Group 2: $26.80To determine the optimal markups and prices under third-degree price discrimination, we need to consider the elasticities of demand for each group and the marginal cost of producing the product.
Third-degree price discrimination involves charging different prices to different groups based on their willingness to pay. The goal is to maximize profits by setting prices and markups that align with each group's price elasticity of demand.
Let's calculate the optimal markups and prices for each group:
Group 1:
Elasticity of demand for Group 1 = -5
Markup for Group 1 = 1/(Elasticity of demand for Group 1) - 1 = 1/(-5) - 1 = -0.2
Price for Group 1 = (1 + Markup for Group 1) * Marginal cost = (1 - 0.2) * $40 = $32
Group 2:
Elasticity of demand for Group 2 = -3
Markup for Group 2 = 1/(Elasticity of demand for Group 2) - 1 = 1/(-3) - 1 = -0.33
Price for Group 2 = (1 + Markup for Group 2) * Marginal cost = (1 - 0.33) * $40 = $26.80
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Related Questions
The class will be divided into five groups. With the teacher's guide, each group should suggest a business that they want to put up. Each group should then justify their choice of business. Each group will discuss among the members the environment that should be studied in terms of the location they decided to choose. Based on the environmental analysis, the group members should identify all the factor that need to be studied in the specific environment/location.
Answers
Each group will suggest a business idea and justify their choice based on their interests, market demand, and potential profitability. They will then discuss the specific location for their business and conduct an environmental analysis to identify factors that need to be studied.
In the first paragraph, each group can briefly mention the type of business they want to put up, such as a restaurant, tech startup, clothing boutique, fitness center, or any other business idea that interests them. They should provide a concise justification for their choice, highlighting factors like market demand, personal passion, unique selling proposition, or potential profitability.
In the second paragraph, the group members will discuss the specific location for their business and conduct an environmental analysis. They need to identify and examine various factors that can influence the success of their business in that particular location. This analysis can include factors such as local competition, target market demographics, economic conditions, regulatory environment, infrastructure, availability of resources, cultural considerations, and any other relevant factors. By studying these environmental factors, the group can gain insights into the opportunities, challenges, and potential risks associated with their chosen location.
Overall, the aim is for each group to select a business idea that aligns with their interests and has potential in the market. They should then analyze the specific location's environmental factors to make informed decisions and develop strategies that maximize their chances of success. This exercise helps students understand the importance of market research, environmental analysis, and strategic planning in business development.
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Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,
2012:
Supper Company Ltd.
Stockholders’ Equity
June 30,2012
Paid-in Capital
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000
Common stock, par value $? per share, 5,000,000 shares authorized,
1,000,000 shares issued and outstanding
2,000,000
Paid-in capital in excess of par—common 6,000,000
Total paid-in capital 9,400,000
Retained earnings 12,300,000
Total Stockholders’ equity $21,700,000
Requirements:
1. What is the par value per share of Supper’s preferred stock? (Show Workings)
2. What is the par value per share of Supper’s common stock? (Show Workings)
3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –
common? (Show Workings)
4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for
cash. Explanations are not required.
Answers
Answer:
1. Par Value of Preferred stock;
= Preferred stock value / Shares issued
= 1,400,000/280,000
= $5
2. Par Value of Common Stock
= Common stock value / Shares issued
= 2,000,002/1,000,000
= $2
3. Selling price per share including Paid-In Cap
Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;
= (Par Value + Paid In cap)/ Number of shares
= (2,000,000 + 6,000,000) / 1,000,000
= $8 per share
4.
DR Cash $1,400,000
CR Preferred Stock $1,400,000
DR Cash $8,000,000
CR Common Stock $2,000,000
Paid-In Capital in excess of par - Common Stock $6,000,000
A _______ calculation helps managers assess a firm's ability to meet payments to short-term creditors without impacting inventory levels.
Answers
A quick ratio calculation helps managers assess a firm's ability to meet payments to short-term creditors without impacting inventory levels.
A business manager is defined in the Oxford English Dictionary as "a person who manages the affairs of an individual, institution, organization or company". Operations managers motivate employees to work hard to keep the business running smoothly and profitably.
They must be competent in the following areas, of which he may be an expert in one or more. Finance, Marketing, Public Relations. Business leaders may also be familiar with the following technical areas: Law, science, computer programming. Company managers can even manage human resources in some situations.
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Which of these methods will remove a custom tab stop?
A. Double-click the tab stop.
B. Triple-click the tab stop.
C. Click and drag the tab stop to the left edge of the Ruler.
D. Click and drag the tab stop off the Ruler.
Answers
Answer:
d. Click and drag the tab stop off the Ruler.
Explanation:
Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation:
Find the cost function if the marginal cost function is x and the fixed cost is $.
Answers
The cost function is C(x) = 2x^2 - 9x + 9 as per the given marginal cost and the fixed cost
The effectiveness of a machine learning model for a set of data is measured by the cost function. The cost function quantifies the discrepancy between the expected and predicted values and displays it as a single real number. Cost functions can be created in a variety of ways, depending on the issue at hand.
Given C'(x) = 4x - 9
Fixed cost = $9
In order to find the total cost function, we integrate C'(x) i.e. the marginal cost function:
∫C'(x) dx = ∫(4x - 9)dx
C'(x) = 4x^2/2 - 9x + C
C(x) = 4x^2 - 9x + C
According to the question:
C(0) = 2(0)^2 - 9*0 + C = 9
C = 9
C(x) = 2x^2 - 9x + 9
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The cost function when the marginal cost function is x and the fixed cost is $ is C(x) = (1/2)x^2 + $.
To find the cost function when given the marginal cost function of x and a fixed cost of $, we need to integrate the marginal cost function to obtain the total cost function.
Let's call the total cost function C(x). We know that the marginal cost function is the derivative of the total cost function with respect to x, so we can write:
MC(x) = dC(x)/dx = x
Integrating both sides with respect to x gives:
C(x) = ∫x dx + $ (the constant of integration is the fixed cost)
C(x) = (1/2)x^2 + $
Therefore, the cost function when the marginal cost function is x and the fixed cost is $ is C(x) = (1/2)x^2 + $.
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Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from experience that the total number of pizzas she can produce in an hour is given by the function q=4K0.5L0.5 , where q is the number of pizzas per hour, K is the number of ovens, and L is the number of workers. Suppose another pizza restaurant in the same town can produce 19 pizzas per hour. Being an extremely competitive person, Sharon wants to produce 20 pizzas per hour. Therefore, his total hourly cost function is given by ____
Answers
Answer:
Q+X = [4K^1/2L^1/2] + X
Explanation:
L = labour = workers
K = capital = ovens
You don't have the exact value of Q since the values of K and L are not given.
You should however note that Q is less than or equal to 19 pizzas/hour, since Sharon sought to stretch his capacity by producing up to 20 pizzas/hour owing to the presence of a competitor.
Assuming the distance/difference between 20 and Q is X (a positive number).
Sharon's new hourly cost function will be:
\(Q+X = [4K^1/2L^1/2] + X\)
Q+X = 20 and the law of mathematics states that whatever you add to the left hand side must be added to the right hand side, hence the addition of X to both sides of the equation instead of the left hand side alone.
The function can now be rewritten as 20 = [4K^1/2L^1/2] + X
where X = 20 - Q
developing a team charter early in the development process will help the team succeed because it describes:
Answers
Developing a team charter early in the development process is important because it outlines the team's purpose, goals, roles, and expectations.
It helps the team to stay focused and on track by providing clear guidelines and a shared understanding of what needs to be achieved. The charter also sets expectations for communication, conflict resolution, and decision-making processes, which can help to prevent misunderstandings and reduce friction within the team. By establishing a strong foundation early on, the team is more likely to succeed and achieve its objectives.
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Match the examples with the types of goods. To match them, click the example, and then click the type of good.
Match the examples with the types of goods.
To match them, click the example, and then click the type of good.
Omar buys a snack bag of chips that he noticed while waiting in line at the store.
Unsought good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary.
Convenience impulse good
Jamie goes to the store to buy toothpaste.
Convenience staple good
Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item.
Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop.
Specialty good
Answers
Answer:
1. Convenience impulse good
2. Unsought good
3. Convenience staple good
4. Shopping good
5. Specialty good.
Explanation:
1. Omar buys a snack bag of chips that he noticed while waiting in line at the store: Convenience impulse good.
A convenience impulse good can be defined as goods (products) that an individual purchases without planning to buy them or having prior intention to do so. Therefore, convenience goods are easily available and often purchased by impulse.2. Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in an accident or burglary: Unsought good.
Unsought goods can be defined as goods or services that an individual do not think of buying or isn't aware of but purchases due to a fear of danger (damage).3. Jamie goes to the store to buy toothpaste: Convenience staple good.
A convenience staple good can be defined as goods (products) that an individual consumes on a regular basis and as such are purchased more often.4. Wanda reads reviews of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item: Shopping good.
Shopping goods can be defined as goods (products) that an individual purchases after doing due diligence by comparing its style, quality and price in other stores.5. Adriana only buys doughnuts from her favorite local doughnut shop: Specialty good.
Specialty goods refers to consumer goods that an individual considers to be exclusive and unique, for which he or she would go any length and perhaps, do anything to get them due to the strong preference.the relationship showing spending at each level of real gross domestic product or real income is known as the
Answers
The relationship showing spending at each level of real gross domestic product or real income is known as the aggregate expenditure model.
What is the aggregate expenditure model?
The aggregate expenditure model (AE) is a macroeconomic model that analyzes the relationship between aggregate expenditures and the level of real GDP (gross domestic product).
It represents the relationship between the total spending on goods and services produced in a country and the total output of goods and services that are produced in the country.
The model explains how an economy's aggregate expenditures (AE) affect the level of national income or gross domestic product (GDP).
It shows that the equilibrium level of real GDP is determined by the intersection of the aggregate expenditure line and the 45-degree line. The AE model assumes that the economy's price level is constant in the short run.
The components of aggregate expenditure are consumption (C), investment (I), government spending (G), and net exports (NX).
AE = C + I + G + NX
The components of aggregate expenditure are explained below:
Consumption (C) is the largest component of aggregate expenditure in most countries. It refers to spending on goods and services by households.
Investment (I) refers to spending by businesses on new machinery, equipment, and buildings.
Government spending (G) refers to the purchase of goods and services by the government.
Net exports (NX) are the difference between exports (X) and imports (M).
The formula for GDP is:
GDP = C + I + G + NX
Where:
GDP is the gross domestic product
C is the consumption
I is the investment
G is the government spending
NX is the net exports
The relationship between the spending at each level of real GDP or real income is known as the aggregate expenditure model, and the components of aggregate expenditure are consumption (C), investment (I), government spending (G), and net exports (NX).
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Am I beautiful please give a honest reply.
Answers
Answer:
ive never met you but your always pretty on th einside :3
Explanation:
yes you are queen dwell on the beauty of life. Watch the stars, and see yourself running with them.
which of the following would cause short-run aggregate supply to decrease? choose 1 answer: choose 1 answer: (choice a) a an increase in consumption (choice b) b firms anticipate lower in
Answers
A decrease in the price level will decrease the short-run aggregate supply only.
What is aggregate supply?The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.
Shocks to labor or input cost can also cause the aggregate supply curve to change.
The SRAS curve would shift to the left as a result of the shock of a large number of agricultural crops being destroyed by an unexpected early frost because there would be less agricultural products available at any given price.
How much output companies will produce and at what prices is determined by the interaction between aggregate demand and aggregate supply. Inflation is also determined by it.
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what characterizes developing economies? check all that apply.
Answers
Explanation:
Explanation: What characterizes a developing economy is the rapid pace of GDP and improved social indicators such as rising living standards and the rise of the middle class. GDP will be accelerated as production in the country increases.
Identify two examples of businesses that operate in the secondary sector
Answers
Answer:
car manufacturer & food production
Explanation:
True or false: managerial finance helps managers make decisions related to cash management, capital investments, and risk reduction. true false question. true false
Answers
True: managerial finance helps managers make decisions related to cash management, capital investments, and risk reduction.
Definition a manager is a person responsible for overseeing, motivating, and directing the progress of an organization. Examples of managers include those responsible for customer service, handling customer disputes, and supervising and monitoring customer service representatives.
The four most common types of managers are top-level managers, middle managers, front-line managers, and team leaders. These roles differ not only in their day-to-day responsibilities but also in their broader functions within the organization and the types of people they manage.
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consider the following artificial data set: 5, 5, -10, 6, -3, -3 what is the sample size? sample mean
Answers
From the given dataset, the sample size is 6 and the sample mean is 0.
In statistics, a sample is a subset of the population that is used to make inferences about the entire population. In this case, the artificial data set provided is the sample.
To find the sample size, we simply count the number of data points in the set. In this case, there are six data points, so the sample size is 6.
To find the sample mean, we add up all the data points and divide by the sample size. Using the data set provided, we have:
(5 + 5 - 10 + 6 - 3 - 3) / 6 = 0
So the sample mean is 0.
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Poner algunos ejemplos en los que las em¬presas sustituyan un factor productivo por otro en función de los cambios en los pre¬cios de los factores. ¿Se puede sustituir siempre un factor por otro?
Answers
Answer:
Un factor variable puede sustituirse por otro.
Un uso más generoso de un factor variable permitirá producir una cantidad constante de producción con menos unidades de algunos o todos los demás.
Esto indica que la mano de obra puede ser considerada literalmente tan buena como el oro y podría ser sustituida por ella. Si no fuera por la sustitución de factores, no habría lugar para más decisiones después de que se hubiera establecido y, el número de cadenas a producir.
Sí, se puede hacer una sustitución
Un ejemplo es cuando las empresas intensivas en energía sustituyen el uso decreciente de energía y capital por un aumento del precio de la energía del 1% con una mayor entrada de material y, en menor medida, mano de obra.
Además, algunas empresas han sustituido fácilmente la energía por otros factores de producción, lo que les ha permitido mitigar en mayor medida los efectos de la subida de los precios de la energía.
What is a common base year balance sheet?
Answers
The total dollar value as well as the proportionate percentage of the total assets, total liabilities, and total equity accounts are displayed on a balance sheet of a standard size.
An average base year is what?In accounting and statistics, the presenting of financial data as a share of an amount from the previous year. When expressing all financial data, a business may use the base year as the first year of operations or the first year it was profitable.
What serves as the framework for a balance sheet of the typical size?When performing a balance sheet common size analysis, the value of all assets is commonly utilized as the base value. The sum of the balance sheet's assets, liabilities, and shareholders' equity equals the sum of the assets' respective values.
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Posit Company has a financial relationship with Sparkle Inc. , a separate legal entity, but does not own any of Sparkle's voting stock. On January 1, 2020, Posit determines that Sparkle is a variable interest entity and that Posit is Sparkle's prime beneficiary. Sparkle's shareholders' equity on January 1, 2020 is as follows:
Capital stock $3,000
Retained deficit(500)
Total $2,500
Sparkle's net assets are reported at values approximating fair value, but it has previously unreported identifiable intangible assets valued at $7,000. The fair value of Sparkle at January 1, 2020 is $16,000.
Assume Posit and Sparkle were already under common control. On a January 1, 2020 consolidated balance sheet, the noncontrolling interest in Sparkle is reported at:
A. $0
B. $16,000
C. $ 2,500
D. $8,000
Answers
The correct option is B) 16,000. On January 1, 2020, consolidated balance sheet, the non-controlling interest in Sparkle is reported at $16,000.
Variable interest Entity in which control over other entities is achieved through arrangements that do not involve ownership or voting rights.
The variable interest entity is consolidated by the primary beneficiary which is the enterprise that has the power to direct significant activities of the Variable Interest entity. In the given question posit and sparkle are under common ownership. So consolidated financial statements will be done.
In case of a consolidation, the full value of unreported identified intangible assets will be shown in the balance sheet.
Now the fair value of the intangible assets is $16,000
Based on the general rule of consolidation entire $16,000 will be reported as goodwill.
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A 2-column table has 9 rows. The first column is labeled monthly expenses with entries rent, utilities phone internet, groceries, entertainment, renters insurance, car/insurance/gas, discretionary spending, total expenditures, net savings. The second column is labeled amount budgeted with entries 600, 230, 300, 50, 20, 475, 75, 1,850, 100 dollars. You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By how much would you need to increase your monthly net savings in order to meet this goal? $100 $150 $200 $250
Answers
Answer:
200
Explanation:
right on edge
Based on your current level of saving, you need to increase your monthly net saving by $200 to meet your target.
Amount that you need to save next year.You have already saved $900 and you want to get to $4,500. The amount left is:
= 4,500 - 900
= $3,600
Monthly savingsTo get to $3,600, you need to save:
= 3,600 / 12 months
= $300
What should you increase your net saving by?You currently save $100 so you need to increase by:
= 300 - 100
= $200
In conclusion, you need to increase savings by $200.
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the requirements for licensure as a real estate salesperson or broker apply in which of the following cases?
Answers
The requirements for licensure as a real estate salesperson or broker apply in the case of Bruce and Mary, as they are involved in activities related to real estate sales and investments.
John Smith's assistance to his sister in finding an apartment and Laura's job managing the reservations desk at a hotel do not necessarily require a real estate license.
Bruce's involvement in finding an office suite for his friend falls under real estate sales, as he is assisting in locating commercial property. Mary's secretarial duties for her real estate investor boss also fall within the scope of real estate activities, as she is directly involved in supporting real estate transactions and investments.
On the other hand, John Smith's assistance to his sister in finding an apartment can be seen as a personal favor rather than engaging in real estate sales as a professional activity. Laura's job managing the reservations desk at a hotel primarily involves managing hotel bookings and customer service, which does not typically require a real estate license.
In summary, the requirements for licensure as a real estate salesperson or broker apply to Bruce and Mary, but not to John Smith or Laura.
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The complete question is:
The requirements for licensure as a real estate salesperson or broker apply in which of the following cases?
Bruce gets hired to find an office suite for a friend who is relocating her business.As a favor, John Smith helps his sister locate an apartment, since he knows the area.Mary performs secretarial duties for her boss, a real estate investor.Laura lands a new job managing the reservations desk at a new hotel.What type of federal funding is free money, but is based
on financial need only?
A.Federal grants
B.All federal scholarships
C.The 529 Plan
D.None of these are correct
Answers
Answer:
Try A. Federal Pell Grant
Answer:
answer : b
Explanation:
cauise
Some banks pay interest only on the minimum or smallest balance on deposit during an interest period. Helen Lamb had a balance of $783 in such an account on July 1. Annual interest is 2.7% compounded quarterly. She withdrew$170 on August 17 and deposited $200 on September 12. What was Helen’s minimum balance during the quarter?
Answers
Helen's minimum balance during the quarter was $613.
What is Minimum Balance in Account?According to the terms and conditions of the account agreement, a customer is required to keep the smallest amount of money in their account for a predetermined amount of time. This amount is known as the minimum balance in an account. Depending on the type of account and the bank's policies, the minimum balance can be set at a certain amount or it can change.
Plugging in the values, we get:
A = 783(1 + 0.027/4)^(4*(3/12))
A ≈ $791.13
So the balance at the end of the quarter, before the deposit, was about $791.13.
Next, we need to figure out the impact of the withdrawal and deposit:
August 17: Helen withdrew $170, leaving a balance of $783 - $170 = $613.
September 12: Helen deposited $200, bringing the balance to $613 + $200 = $813.
We can conclude that the minimum balance was $613 because the balance on July 1 was higher than the estimated balance at the end of the quarter, which was $791.13.
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why is productivity growth considered to be the most important factor in the ad/asad/as model?
Answers
Answer:
it shifts the AS curve in the short-term.
(please give brainliest)
Productivity growth is considered to be the most important factor in the AS model. Thus, option C is correct.
What is productivity?Productivity is a measurement of the effectiveness with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate supply to a specific or aggregate input employed in a manufacturing
Productivity growth provides us with the opportunity to enhance products without sustainable intensification and paying additional costs.
The aggregate supply curve represents the amount of real GDP delivered by the economy at various price levels. The theory behind the supply curve differentiates from that behind the supply curves given individual items and services. Therefore, option C is the correct option.
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(NPV with varying required rates of return) Gubanich Sportswear is considering building a
new factory to produce aluminum baseball bats. This project would require an initial cash outlay of
$5,000,000 and will generate annual free cash inflows of $1,000,000 per year for 8 years. Calculate
the project
Answers
The net present value (NPV) of the project is $1,486,852.76. The positive NPV suggests that the project could potentially generate value for Gubanich Sportswear, making it a favorable investment decision.
To calculate the NPV of the project, we need to discount the future cash inflows to their present value and subtract the initial cash outlay.
Given:
Initial cash outlay = $5,000,000
Annual free cash inflows = $1,000,000
Number of years = 8
First, we need to calculate the present value factor using the required rate of return. Let's assume a required rate of return of 10%.
Using the formula:
Present Value Factor = 1 / (1 + r)^n
where r is the required rate of return and n is the number of years.
Calculating the Present Value Factor:
Present Value Factor = 1 / (1 + 0.10)^8 ≈ 0.4632
Next, we calculate the present value of the annual cash inflows:
Present Value of Cash Inflows = Annual cash inflows x Present Value Factor
= $1,000,000 x 0.4632 ≈ $463,200
Finally, we calculate the NPV:
NPV = Present Value of Cash Inflows - Initial Cash Outlay
= $463,200 x 8 - $5,000,000
≈ $1,486,852.76
Therefore, the NPV of the project is approximately $1,486,852.76, indicating that the project is financially viable as it has a positive NPV.
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If she assembled specific members from each of these units to work together in a team to set goals and pursue their own goals in ways defined by the team itself, then this would be an example of what concept?
a. Functional Team
b. Virtual Team
c. Affinity Group
d. Venture Team
Answers
If she assembled specific members from each of these units to work together in a team to set goals and pursue their own goals in ways defined by the team itself, then this would be an example of The correct answer d. Venture Team.
What is a Venture Team? A Venture Team is a temporary unit that is formed to achieve a particular goal, which could be either to develop a new product or service or to address a particular issue that the organization is dealing with. A Venture Team typically includes employees from a variety of functional areas, departments, or divisions, and members are chosen for their knowledge and skills relevant to the project.
The Venture Team leader is usually a senior manager with a lot of experience in project management. The Venture Team is frequently referred to as a “task force” or a “project team.” A Venture Team is also known as an “ad hoc” or “temporary” team because it is created to work on a specific project and will be disbanded once the project is finished. In this case, assembling specific members from each of these units to work together in a team to set goals and pursue their own goals in ways defined by the team itself would be an example of a Venture Team.
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When negotiatiors are described as being interdependent, that means people need to know how to:____.
Answers
When negotiators are described as being interdependent, that means people need to know how to "collaborate and work together effectively in order to achieve mutual goals and reach a successful negotiation outcome".
A negotiator is someone who either helps other individuals come to an agreement with one another or gets to such an arrangement with them. Bring in a negotiator when two parties are unable to come to an agreement. A negotiator might be used to sort out the specifics of the plan when two businesses are merging. A negotiator can assist in working out the specifics of the plan when two businesses are merging. And when a married couple files for divorce, lawyers or mediators handle the negotiations, making sure that the settlement benefits each party equally. In the 1500s, negotiator was merely a term for "businessperson," coming from the Latin negotium, which meant "a business or occupation."
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Select the correct answer.
In general, how long does it take to accomplish a long-term goal?
ΟΑ.
a few days to a week
OB.
a few weeks to a month
O c.
a few months to a year
D.
more than a year
Answers
more than a year
Explanation:
D.more than a year
beacuse we can reach our goal in years only
In the Rawhide Company (a leather products distributor), decisions regarding approval of proposals for capital investment are based upon a stipulated MARR of 14% per year. The five packaging equipment listed in the table below were compared, assuming a 9-year life and zero market value for each at that time. Use the IRR method to determine the most economical equipment. Capital investment Annual revenues less expenses Internal rate of return (IRR) Packaging Equipment V w X Y $37,100 $50,600 $59.000 $67.800 11.100 13.800 15.700 17.500 26.2% 23.1% 22.2% 21.3% Z $82.300 20.200 19.7% . To perform the incremental analysis, which alternative would you choose as the initial base alternative? Choose the correct answer below. OA. Z OB. Y OC. V OD. W O E. X
Answers
Alternative would you choose as the initial base alternative is C. V from lowest capital investment
To perform the incremental analysis, we would choose the initial base alternative as the one with the lowest capital investment. This is because we want to compare the other alternatives with the one that requires the least amount of investment to determine the most economical equipment.
In this case, the alternative with the lowest capital investment is V, with a capital investment of $37,100. Therefore, we would choose V as the initial base alternative for the incremental analysis.
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The operations vice president of security home bank has been interested in investigating the efficiency of the bank’s operations. She has been particularly concerned about the costs of handling routine transactions at the bank and would like to compare these costs at the bank’s various branches. If the branches with the most efficient operations can be identified, their methods can be studied and then replicated elsewhere. While the bank maintains meticulous records of wages and other costs, there has been no attempt thus far to show how those costs are related to the various services provided by the bank. The operations vice president has asked your help in conducting an activity-based costing study of bank operations. In particular, she would like to know the cost of opening an account, the cost of processing deposits and withdrawals, and the cost of processing other customer transactions.
Answers
The costing study of bank operation goes thus:
Opening accounts:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 5% = $8,000
Asst. branch manager salary $75,000 x 15% = $11,250
Branch manager salary $80,000 x 5% = $4,000
Total $23,250
Activity rate of opening accounts = Total cost of opening accounts / new accounts opened
Activity rate = $23,250 / 500 = $46.50 per new account
Processing deposits and withdrawals:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 65% = $104,000
Asst. branch manager salary $75,000 x 5% = $3,750
Branch manager salary $80,000 x 0% = $0
Total $107,750
Activity rate of opening accounts = Total cost of processing deposits and withdrawals / deposits and withdrawals processed
Activity rate = $107,750 / 100,000 = $1.08 per deposit and withdrawal processed
Processing other customer transactions:Distribution of Resource Amount Percentage Amount
Teller wages $160,000 x 20% = $32,000
Asst. branch manager salary $75,000 x 30% = $22,500
Branch manager salary $80,000 x 10% = $8,000
Total $62,500
Activity rate of opening accounts = Total cost of processing other customer transactions / other customer transactions processed
Activity rate = $62,500 / 5,000 = $12.50 per other customer transactions processed
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